Columbia Sportswear (NASDAQ:COLM – Get Rating) updated its earnings guidance for fiscal 2025 on Saturday. The company provided EPS guidance of $7.35 to $7.95 for the period. The company released revenue forecasts of $4.50 billion to $4.70 billion. Columbia Sportswear also updated its guidance for fiscal 2022 to $5.00 – $5.40 EPS.
Analyst upgrades and downgrades
A number of stock analysts have commented on the stock. Stifel Nicolaus cut his price target on Columbia Sportswear shares from $100.00 to $81.00 in a Wednesday, July 20 research report. Cowen raised his price target on Columbia Sportswear shares from $85.00 to $86.00 and gave the stock an outperform rating in a Tuesday, September 27 research report. Cowen raised his price target on Columbia Sportswear shares from $85.00 to $86.00 and gave the stock an outperform rating in a Tuesday, September 27 research report. Citigroup cut its price target on shares of Columbia Sportswear from $98.00 to $80.00 in a Thursday, July 28 research report. Finally, UBS Group cut its price target on Columbia Sportswear shares from $83.00 to $80.00 and set a neutral rating for the company in a Thursday, July 28 research report. One analyst rated the stock with a sell rating, five gave the company a hold rating and four gave the company’s stock a buy rating. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $86.50.
Columbia Sportswear Inventory Performance
Shares of Columbia Sportswear opened at $71.74 on Friday. The company has a 50-day moving average of $72.72 and a 200-day moving average of $76.70. The stock has a market capitalization of $4.51 billion, a PE ratio of 14.21, a PEG ratio of 1.39 and a beta of 0.86. Columbia Sportswear has a 52-week low of $65.02 and a 52-week high of $107.50.
Columbia Sportswear (NASDAQ:COLM – Get Rating) last released quarterly earnings data on Wednesday, July 27. The textile maker reported earnings per share of $0.11 for the quarter, beating the consensus estimate of $0.04 by $0.07. Columbia Sportswear had a net margin of 10.13% and a return on equity of 17.87%. The company posted revenue of $578.06 million in the quarter, compared to $592.35 million expected by analysts. In the same quarter a year earlier, the company posted earnings of $0.61 per share. Columbia Sportswear revenue increased 2.1% compared to the same quarter last year. Equity research analysts expect Columbia Sportswear to post earnings per share of 5.17 for the current fiscal year.
Columbia Sportswear Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Investors of record on Wednesday August 17 received a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 16. This represents an annualized dividend of $1.20 and a yield of 1.67%. Columbia Sportswear’s dividend payout ratio is 23.76%.
Insider buying and selling
Separately, Chief Financial Officer Jim A. Swanson acquired 500 shares of the company in a transaction that took place on Monday, August 29. The shares were acquired at an average price of $72.99 per share, with a total value of $36,495.00. Following the completion of the transaction, the CFO now directly owns 5,197 shares of the company, valued at approximately $379,329.03. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. 42.37% of the shares are currently held by insiders of the company.
Institutional entries and exits
Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Columbia Sportswear during the first quarter worth approximately $45,000. US Bancorp DE increased its stake in Columbia Sportswear by 19.8% in the first quarter. US Bancorp DE now owns 823 shares of the textile maker worth $75,000 after acquiring 136 more shares last quarter. Covestor Ltd increased its stake in Columbia Sportswear by 523.6% during the first quarter. Covestor Ltd now owns 873 shares of the textile maker worth $79,000 after acquiring 733 more shares last quarter. PNC Financial Services Group Inc. increased its stake in Columbia Sportswear by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,112 shares of the textile maker worth $192,000 after acquiring 264 additional shares last quarter. Finally, Verition Fund Management LLC acquired a new position in Columbia Sportswear during the first quarter worth approximately $227,000. Institutional investors and hedge funds hold 48.56% of the company’s shares.
Columbia Sportswear Company Profile
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Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets and distributes outdoor, active and everyday apparel, footwear, accessories and equipment in the United States, Latin America, Asia-Pacific, Europe, the Middle East, Africa and Canada. The company provides clothing, accessories and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, running , water sports, yoga, golf and adventure travel.
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